Because they are for profit, biotechnology and related companies in the healthcare industry are organized in a fashion similar to other small businesses, with a few excep tions. In the United States, there are two types of for profit organizations, termed noncorpo rate and corporate businesses, respectively. There are significant differences between these two types of for profit businesses in terms of liability and taxation. These busi ness types are described below.
KeywordsChief Executive Officer Stock Option Pension Plan Biotechnology Company Fringe Benefit
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